Swiss Life Asset Management Ltd Has $3.01 Million Stock Holdings in Trimble Inc. $TRMB

Swiss Life Asset Management Ltd trimmed its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 37.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,834 shares of the scientific and technical instruments company’s stock after selling 22,496 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Trimble were worth $3,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peapack Gladstone Financial Corp raised its holdings in Trimble by 2.6% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after purchasing an additional 125 shares during the last quarter. MAI Capital Management boosted its stake in shares of Trimble by 4.7% in the 2nd quarter. MAI Capital Management now owns 2,810 shares of the scientific and technical instruments company’s stock valued at $213,000 after purchasing an additional 126 shares during the last quarter. CI Investments Inc. boosted its stake in shares of Trimble by 10.3% in the 3rd quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock valued at $117,000 after purchasing an additional 134 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Trimble by 2.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 6,350 shares of the scientific and technical instruments company’s stock worth $518,000 after buying an additional 150 shares during the period. Finally, Fiduciary Trust Co raised its stake in Trimble by 1.9% during the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after buying an additional 151 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total transaction of $528,375.00. Following the transaction, the chief executive officer directly owned 19,397 shares of the company’s stock, valued at approximately $1,366,518.65. This represents a 27.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Trimble Trading Down 1.5%

NASDAQ:TRMB opened at $65.71 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.19 and a beta of 1.57. The firm has a fifty day simple moving average of $68.92 and a two-hundred day simple moving average of $76.09. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble declared that its Board of Directors has authorized a share repurchase program on Friday, December 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TRMB. KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a report on Monday, December 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Barclays boosted their price objective on Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $86.00 target price on shares of Trimble in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Trimble has an average rating of “Buy” and an average target price of $93.75.

Trimble Profile

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.